Sheridan, WY metro area Housing Market
Cold MarketComprehensive housing market data for the Sheridan, WY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$415K
↓ 18.6% YoY
Days on Market
118 days
↓ 6.3% YoY
Active Inventory
140
↓ 7.9% YoY
Homes Sold
28
↑ 21.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Sheridan, WY metro area Market Summary
The Sheridan, WY metro area housing market is cooling down. As of January 2026, the median home sale price is $415K, down 18.6% year-over-year. Homes are spending a median of 118 days on the market, 6.3% shorter than a year ago.
There are 140 homes for sale — 7.9% fewer than last year. With 5.0 months of supply, this is a balanced market. 56 new listings were added during this period, up 60.0% year-over-year.
Homes are selling for 97.1% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 8.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
70
Contributing Factors
How This Market Compares
vs. National Median
vs. Wyoming Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage.
Sheridan, WY metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$408K
Price per Sq Ft
$278
Sale-to-List Ratio
97.1%
Months of Supply
5.0
Sold Above List
0.0%
Price Drops
8.6%
New Listings
56
↑ 60.0% YoY
Pending Sales
41
Off Market in 2 Weeks
36.6%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.